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The Banque de Syrie et du Liban was a French-mandated institution that found itself issuing currency for a Lebanon that had been formally independent since 1943 — an awkward arrangement that persisted until the Banque du Liban replaced it in 1964. By the time this note was printed, Syria had already broken from the shared currency system following its 1948 departure, leaving the bank effectively serving Lebanon alone under a name that no longer matched political reality.

Thomas De La Rue produced the series through the early 1950s as the bank's mandate wound down. Pick lists this type across two consecutive years, suggesting modest annual reissue rather than a single large print run.